Latest Crypto News and Market Updates – August 14

1. BTC hits new peak: Bitcoin reached $124,474, becoming the 5th largest asset in the world, surpassing Google and just behind Microsoft. The total cryptocurrency market capitalization hit a record $4.263 trillion.

2. ETH surges: Touched $4,783, a recent high. The Ethereum ecosystem saw strong growth thanks to tokens like ARB, GTC, EIGEN, ETHFI, and OP.

3. Buzz around Solana ETF: SOL price hovered around $200; Invesco Galaxy filed for a spot Solana ETF, which could be a major catalyst for SOL.

4. Bitcoin market dominance drops: BTC dominance fell to 58.9%, “alt season” index reached 41, and the Fear & Greed Index hit 68 (greed). The market has entered a FOMO phase — investors should be cautious of correction risks.

5. DeFi continues to grow: TVL reached $197 billion, close to the all-time high of $206 billion. Long-standing DeFi projects like AAVE, UNI, and PENDLE remain strong.

6. OKB skyrockets: OKX revamped its tokenomics, announcing plans to burn $7.6 billion worth of tokens, reducing total supply to 21 million. Price jumped 146% to $113, with a market cap of about $26 billion; other exchange tokens also surged.

7. BLSH IPO makes waves: Crypto exchange Bullish closed at $68 (+83% on debut day), with a market cap of about $9.9 billion. U.S. investors poured money into crypto-related stocks.

8. AERO soars: The leading DEX token on the Base chain rose 72% in one week; market cap reached $1.1 billion, the largest on BASE.

9. Major project hype: Web3 infrastructure project IRYS is set to launch an airdrop; 0G Labs raised about $325 million in funding.

10. Standard Chartered raises ETH target: Updated year-end ETH price target to $7,500, with a 2028 target of $25,000, emphasizing the boom in stablecoins as a key driver.

AI market outlook: BTC at peak levels with intense long/short activity. ETH remains strong, nearing a new high. Market sentiment is hot, with sector rotation happening quickly. Positive macro factors include rising U.S. stocks and expectations of a Fed rate cut in September.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.